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Banks need to do a better job monitoring their IT systems to ensure customers are not the victims of over-charging and other breaches, says the Code Compliance Monitoring Committee in a review of brea.. read more

The Reserve Bank will define payment card acceptance costs more narrowly than in its current standard in regulations that will underpin the Government's new ban on excessive surcharging. read more

Australian consumers have been keen adopters of some new payment technologies, such as contactless cards, but less enthusiastic about others. read more

London-based money transfer company TransferWise has opened for business in Australia, promising very low fees on overseas transfers thanks to an innovative use of peer-to-peer technology. read more

With the shopping and holiday seasons coming up, credit card issuers are launching new product to entice consumers. American Express, Commonwealth Bank and Macquarie Bank launched new cards last month.. read more

IMB Bank and Sutherland Credit Union have announced plans to merge. Both institutions are based in the southern suburbs of Sydney and the Illawarra, south of Sydney. read more

Australian Prudential Regulation Authority general manager Pat Brennan made the rare admission yesterday that the regulator had "given up some prudential ground" in allowing bullet maturities in secur.. read more

Three of the big banks were among deposit-takers who cut savings account rates in October, with rates coming off by as much as 25 basis points. read more

Reserve Bank governor Glenn Stevens said low interest rates had helped encourage higher levels of business borrowing. read more

Former Mortgage Choice chief executive Michael Russell has been appointed chief executive of broker MoneyQuest. read more